CO129-536-1 Estimates- 1932 3-9-1931 - 16-6-1933 — Page 101

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8. The number of tenements reported to be vacant averaged about 297 monthly, as compared with 132 last year,

9. During the year ending 30th May, 1932. 2,113 Interim Valuations were made as follows:-

12. In the ten years from 1922-1923 to 1932-1933 the rateable value of the Colony has increased by $17,651,796 or 89.12

per cent.

13. The large development on the Praya East Reclamation has had the effect of drawing a number of tenants from various parts of the City, with a consequent steadying tendency on the rentals of flats. It is remarkable how the rows of new houses on this reclamation have gradually filled up, the ground floors, however, being more difficult to let than the upper floors. The demand for housing accommodation is much stronger than that for trade premises.

CITY OF VICTORIA.

ELSEWHERE.

No.

Rateable Value.

No.

Rateable Value.

New or rebuilt tenements

$

and tenements structur-

ally altered

474

1,308,785 1,200

1,322,961

Assessments

cancelled,

tenements resumed,

THE TREASURY',

pulled down or being

in other respects not rateable...

30th May, 1932.

117

405,630 322

304,408

Number and Increase.

591

903,155 1,522 1,018,553

EDWIN TAYLOR, Treasurer & Assessor.

RP

10. This is the largest number of interim valuations made in any year except in the period ending with the general valuation for the year 1925-1926.

11. The following comparative statement shows the Rateable Value of the Colony of Hong Kong from 1922-1923 to 1932-1933 inclusive:

Year.

Rateable Value.

Increase as compared with previous year.

Percentage of In- crease in Rateable Value as compared with previous year.

$

%

1922-1923

19.805,920

1923-1924

21.059,700

1,253,771

6.33

1924-1925

22,147,951

1,088.251

5.16

1925-1926

27,287,862

5.139,911

23.20

1926-1927

27.998,237

710.375

2.60

1927-1928

29,016,439

1.018,202

3.64

1928-1929

30,395,447

1,370,008

4.75

1929-1930

31.617.566

1.222.119

4.02

1930-1931

33.069,602

1,452,030

4.59

1981-1982

35,071.569

2,001,964

6.04

1932-1933

87,457,725

2,880.159

6.80